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Trading Economics on Hardback by Zhenying Wang
Trading Economics on Hardback by Zhenying Wang
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Trading Economics

New Theory for Trading System Evolution
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Description

This book reconstructs the theoretical framework of economics by examining the concept of trading, the trading network, and the evolution of a trading system, tied together by the notion of “bounded rationality.” Trading economics uproots the theoretical paradigm of mainstream economics and enables timeworn economic thinking to deal with the various complex phenomena of the modern economy. Mainstream economic theories see growth as the combined result of family and enterprise activities. Based on this understanding, established economic policies all focus on how to effectively influence the behavior of trading agents. Trading economics, by contrast, believes economic growth is the product of the activities of a self-organizing network of families and enterprises, rather than a simple superposition of the behaviors of trading agents. In policy design, trading economics looks to maintain the structural integrity of the trading network and the stability of the trading cycle.

Author Biography:

Zhenying Wang is a research fellow at the People's Bank of China. He received his Ph.D. from Renmin University of China in 1994. According to his long working experience in the central bank, he creatively proposed a new theory of Complexity Economics, and his monograph Principles of Trading Economics was published in 2016. The book "Principles of Trading Economics" has received widespread attention from the academic circles.
Release date Australia
May 21st, 2024
Author
Audience
  • Professional & Vocational
Edition
1st ed. 2024
Illustrations
20 Illustrations, color; 68 Illustrations, black and white; XXXII, 690 p. 87 illus., 17 illus. in color.
Pages
594
ISBN-13
9789819998746
Product ID
38505975

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The Principle of Trading Economics by Zhenying Wang
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